Result of Extraordinary General Meeting

28 June 2017, 16:20

Source - RNS

RNS Number : 4771J

Threadneedle UK Select Trust Ltd

28 June 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA

Threadneedle UK Select Trust Limited (the "Company" or "UKT")

(IN VOLUNTARY WINDING UP)

Result of Extraordinary General Meeting held on 28 June 2017

28 June 2017

Further to the proposals relating to the scheme of reconstruction and voluntary winding up of the Company under the laws of the island of Guernsey which were announced on 30 May 2017 (the "Proposals"), at an extraordinary general meeting of the Company's shareholders held today, the special resolutions approving the Proposals and placing the Company into voluntary winding up were passed.

In addition, the joint liquidators are pleased to announce the result of Elections in respect of the Scheme.The last date for receiving Forms of Election was 1.00 p.m. on 26 June 2017. The results of the Elections are shown in the table below:

Option

Number of Shares

%

Rollover Option

13,141,904

58.28

Cash Option

9,407,093

41.72

Total Elections

22,548,997

100.0

For the purposes of the Scheme, the aggregate value of the total net assets of the Company is approximately £50.5 million. Under the terms of the Scheme, the number of new shares in Henderson High Income Trust plc ("HHIT") to be issued to Shareholders is based on the HHIT FAV per Share and the UKT FAV per Share. The HHIT FAV per Share was 192.63 pence and the UKT FAV per Share was 223.28 pence. Accordingly, Shareholders will receive approximately 1.16 New HHIT Ordinary Shares under the Scheme for every UKT Share held by them and approximately 15.2 million New HHIT Ordinary Shares in aggregate will be issued to Shareholders under the Scheme.

Share certificates in respect of New HHIT Ordinary Shares issued in certificated form will be sent to Shareholders during the week commencing 10 July 2017 (or as soon as practicable thereafter).

The Company confirms that the listing of the Ordinary Shares on the Official List of the UK Listing Authority and the trading in the Ordinary Shares on the main market of the London Stock Exchange will be cancelled with effect from 8.00 a.m. on 29 June 2017.

A copy of the resolutions passed at the EGM will shortly be available for inspection via the National Storage Mechanism.

The votes cast on the resolutions were as follows:

Resolution 1

Votes "For*": 11,993,058

Votes "Against": 766,292

Votes "Withheld": 0

Resolution 2

Votes "For*": 11,993,058

Votes "Against": 766,292

Votes "Withheld": 0

* the votes "For" include those votes giving the Chairman discretion.

Enquiries:

Ernst & Young LLP

Laura McGoldrick

Tel. 0131 777 2300

Notes

Capitalised terms shall bear the meanings given to them in the Company's Circular dated 30 May 2017 unless the context otherwise requires.

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